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20130115
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shares of apple lost nearly 4%. the senate takes up the assault weapons ban... and johnson and johnson is reportedly negotiatin a $2 billion dollar settlement with patients who received recalled artifical hips philip streible of rjo futures joins us now for a look at the trading week ahead. good morning to you. hope you had a nice weekend off. let's start with this bullish situation. i'm almost starting to feel like there are too many bulls in the market. everybody loves this market. there are a lot of people talking about that. equities have been on such an upward momentum. some of the earnings have been coming out really good. we've seen quite a bit of upbeat, positive economic data. last week we saw china release some better than expected gdp numbers so the momentum seems to be behind the bulls right now. which makes me start to get a little nervous. let's talk about the debt ceiling extension as well. does this take anything off the table for the market or is the market over watching what's going on in washington? if you look at what happened with the fiscal cliff, how that was sol
. the shooter, identified as 34-year-old sean johnson, reportedly has a history of mental illness. the victim, identified as greg elsenrath, is expected to recover. american airlines is upward- bound, according to the ceo. the airline just reported turning a profit in the 4th quarter, which was due in part to cost cutting. amr is said to be closer to wrapping up its bankrutpcy restructing. and, the airline plans to unveil a new look at its fleet this month. the ceo declined comment on a potential merger with u.s. airways. u.s. airways stock continues to gain ground. it was up 2% yesterday. problems are accelerating at toyota. the company will pay an undisclosed amount to settle two class-action lawsuits that stem from allegations of sudden acceleration problems. it follows two high-profile settlements that the automaker agreed to pay. in december, toyota paid a billion dollars in a related case, while in november the company paid millions to shareholders after failing to disclose vehicle problems. jpm morgan ceo jamie dimon is taking a financial hit. jp morgan's board is slicing dimon's pay
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